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A total of 19,808 shares changed hands on the counter till 01:44PM (IST).

“In the near term, news on war will continue to impact our market. But our fundamental story is intact. Of course, it gets adversely impacted by higher energy prices. We import about 4 million barrels of oil a day. A $10 price increase is $40 million outflow from our pocket. But our long-term story remains intact. Elevated energy prices create a dent which we can afford.”

In case of an initial public offering, the share capital of Porsche AG would be equally split into preferred and ordinary shares and up to a quarter of the preferred stock would be placed on the market, Volkswagen said, confirming an earlier Reuters story.

The stock traded at a P/E multiple of 177.46, while the price-to-book value ratio stood at 16.41.

It seems investors remembered that the best defense is a good offense, with the market’s version of that adage being buy the rumor, sell the fact — prepare for downside when Russian troops are massing at the border, put the risk back on once they cross it.

The stock quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3525.95.

Market analysts noted that the new eligibility criteria has helped Nykaa and Paytm to get included in Nifty Next50. Amid worries over rich valuations, investors have dumped these new-age tech stocks.

A total of 39,713 shares changed hands on the counter till 12:33PM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 146.49.

“JS Auto will accelerate our diversification journey and enable in addressing the decarbonisation opportunity,” Amit Kalyani, deputy managing director at Bharat Forge was quoted as saying. This acquisition will significantly broaden Bharat Forge’s presence, capabilities and product offerings in the industrial space, he said.